BY FRANK GREGORY
March 28, 2024
Hey Influence Traders,
This past week, I spent time with a number of defense contractors.
I went deep on their current business and outlook.
While business has been good for them, it just got better with the passage of the Defense Authorization Act.
I had good conversations with one of my favorite primes – Aerovironment (Ticker: AVAV).
That’s me ^^
AVAV developed the Switchblade drone that has gained notoriety.
It is also doing research to find the next needed item.
AVAV has played a pivotal role in the rise of drone technology.
Today, AVAV is known for its small tactical drones used by various branches of the U.S. military, including the Raven, Wasp, and Puma systems.
The drones are lightweight, portable, and designed for reconnaissance and surveillance in challenging environments.
AVAV does some commercial drone work, such as the Quantix, which provides farmers with valuable data to optimize crop management, but its focus is military applications.
The role of drones will continue to grow.
Another name that is not affiliated with defense but stands to do well is International Business Machines Corp. (Ticker: IBM).
Turns out that all the “new-fangled” tech needs to communicate with one another.
IBM is poised to deploy that communication interface.
It is also making strides in countering cyber threats.
Let’s find a trade in one of these defense giants.
Come find another winning trade with us in our next live session.
Frank Gregory
Frank Gregory
DC & Wall Street Insider